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8 Hours of 2024 Missouri MLO Continuing Education

Complete 8-hour package for MO MLO licensees. Includes the 1-hour state specific requirement.

Complete these Missouri loan originator continuing education courses to renew your MLO license before the December 31, 2024 deadline.

$70.50  |  8 Hours

+ $12.00 NMLS Credit Banking Fee

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This package of courses includes the required continuing education necessary to renew a mortgage loan originator's license in the State of Missouri. The Missouri Division of Finance (DoF) requires licensees to take a total of 8 hours of continuing education each year: 7 hours in SAFE Act required topics, and 1 hour in MO-specific law and regulations.

Included in this MS loan originator continuing education course package are:

  • 1 Hour MO SAFE: Missouri Mortgage Continuing Education (NMLS ID 16052) - This course goes over Missouri mortgage licensee regulations. The topics covered in this course are regulated by the Division, and include a review of the Missouri SAFE Act, the regulations regarding junior mortgages, and the Missouri Reverse Mortgage Act. Please review the Course Syllabus for more details about this course.

  • 7 Hour SAFE Core: 2024 Originator Fundamentals (NMLS ID 16050) - This course covers the required topics as mandated by the federal SAFE Act for annual NMLS mortgage license renewal. The content covered in this course include the NMLS-required topics that regulators feel licensees need to be refreshed on; a review of ethical practices relating to advertising and telemarketing; and an explain of the nontraditional Fannie Mae HomeStyle Renovation loan with a comparison to the FHA 203k. Please review the Course Syllabus for more details about this course.

These courses are new for 2024 and meet the SAFE Act's "successive years" rule.

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Key Features
Online Course
All learning is online. Start immediately. Learn on your own schedule.
Includes Video
Video segments highlight important points.
Printable Certificate
Download and print your own certificate.
PDF & EPUB eBook
Includes PDF/EPUB eBook of all reading material for your phone, tablet, or Kindle.
MO Elective
Includes state-specific elective course
Read-Along Audio MP3 Add +$5.00
Have a narrator read the entire course to you as you make progress. You can also download the entire course in MP3 audio format. (National portion only)
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Package Summary
Price: $70.50 (USD)
+ $12.00 NMLS Credit Banking Fee
Credit Hours: 8
State: Missouri
Category: Vocational Training > Mortgage > Continuing Education > Missouri > CE Elective
Purpose: Complete 8-hour package for MO MLO licensees. Includes the 1-hour state specific requirement.
Course Provider

OnlineEd
14355 SW ALLEN BLVD STE 240,
Portland, OR 97223
(503) 670-9278

mail@onlineed.com

NMLS Course Provider ID: 1400327

Enrollment Agreement

Purchase of this package requires that you read and acknowledge an Enrollment Agreement before receiving credit for any courses contained in this package. Please review the following:

Our Mission Statement

To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.

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Courses Included In This Package:

1 Hour MO SAFE: Missouri Mortgage Continuing Education

NMLS Course ID: 16052

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

Category: CE Elective

View Course Syllabus

​​​​​​​GraphicThis course will cover several fundamental state regulations that Missouri mortgage loan originators must be familiar with. Being familiar with important laws in Missouri's residential mortgage loan industry will ensure that mortgage loan originators are compliant with the state's expectations of MLO behavior.

In the first module we are going to discuss Missouri law and rule requirements relating to operating a mortgage business in Missouri. The laws relating to how a mortgage loan originator is to operate and conduct their business affairs are based upon both statutory and administrative rules.

In the second module we are going to address Missouri specific issues relating to second/junior mortgages and reverse mortgages. The law relating to mortgages is generally similar throughout the United States in terms of general concepts. However, many states have enacted laws that address specific details that add specific state procedures and requirements. Missouri is no exception to enacting these laws that modify and add to the general mortgage law concepts.

Topics and Learning Objectives

This loan originator continuing education course consists of two modules and a 15-question final exam:

  1. The Basis of Missouri Law (30 minutes)
  2. Missouri-Specific Laws Impacting Mortgage Practice (10 minutes)
  3. Final exam (10 minutes)

Total study time: 1 credit hour

This course will prepare Missouri licensees to:

  • Identify the required conduct for licensees relating to office operation and reporting requirements.
  • List and discuss examples of prohibited conduct.
  • Discuss licensee advertising requirements and prohibitions.
  • Explain the required disclosures relating to the transfer of servicing and fee agreements.
  • Explain a licensee’s obligations regarding escrow accounts and advance fees.
  • List the permitted items a lender making a second mortgage may charge.
  • Discuss the rules relating to reverse mortgages in the context of Missouri law.

NMLS ID Required

You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.

If you already have an NMLS ID but don't remember what it is:

  • Login into NMLS
  • Click on the Composite View tab.
  • Click View Individual on the sub-header row.
  • The number that appears in parentheses after your name is your NMLS ID number.

If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center

This course will remain available to students until midnight on December 31st, 2024

7 Hour SAFE Core: 2024 Originator Fundamentals

NMLS Course ID: 16050

NMLS Sponsor ID: 1400327

Credit Hours Provided: 7

Category: CE Elective

View Course Syllabus

​​​​​​​GraphicThis course will instruct mortgage loan originators on a number of regulations that they will have to comply with while taking part in their mortgage loan origination activities. Rules, such as those implemented by the Dodd-Frank Wall Street Reform and Consumer Protection Act, are set in place to protect the interest and well-being of consumers who apply for mortgages to purchase or refinance their properties. To ensure that their business practices satisfy the regulations adopted by federal laws, mortgage loan originators need to keep current on the guidelines published by entities such as the Consumer Financial Protection Bureau (CFPB).

Topics and Learning Objectives

This course consists of four sections and a final exam

  1. Top 10 Federal Topics for 2024

  2. Ethical Mortgage Advertisement Practices

  3. The Fannie Mae HomeStyle® Renovation Loan

  4. Final exam

Total study time: 7 credit hours (5 hours, 30 minutes)

Module 1: Top 10 Federal Topics for 2024

Study Time: 3 clock hours (150 minutes of federal law)

air lending along with compliance to the law, established rules, and implemented regulations is everyone’s responsibility. When compliance failures occur, everyone, including the customer, loses.

The topics outlined in this module are mandated by the NMLS and state regulators, covering the more egregious regulatory compliance failures recently discovered through various regulatory examinations, investigations, and audits.

Module 2: Ethical Mortgage Advertisement Practices

Study Time: 2 clock hours (100 minutes of ethics, fraud, and consumer protection)

Most, if not all of the regulations for the mortgage and banking industry are implemented to protect the consumer. That is what this module is about - consumer protection in advertising. Throughout this module, we hope to provide you a better understanding of the laws designed to protect consumers from untruthful mortgage advertising and understanding what you can and cannot do when advertising your loan products. Your proper understanding of these rules is vital when dealing with the public and promoting your services.

Module 3: The Fannie Mae HomeStyle Renovation Loan

Study Time: 2 clock hours (100 minutes of non-traditional mortgage)

In this next section, we will explore property rehabilitation loan products. Over the years, most of us have become familiar with the FHA 203(k) Rehab Loan. It was the loan program that many mortgage loan originators turned to when they needed a rehab loan program for their borrower client.

Today, there are other options available when it comes to rehabilitating a home for purchase and refinance that may more perfectly fit the rehab loan needs of the borrower. This module will introduce you to one such program: the Fannie Mae HomeStyle Rehab loan program. We'll explain the details of this program and compare it to the traditional 203(k) rehab loan.

NMLS ID Required

You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.

If you already have an NMLS ID but don't remember what it is:

  • Login into NMLS
  • Click on the Composite View tab.
  • Click View Individual on the sub-header row.
  • The number that appears in parentheses after your name is your NMLS ID number.

If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center

This course will remain available to students until midnight on December 31st, 2024

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